Updated April 2026
What Is Collision Coverage Insurance?
How Much Does Collision Coverage Insurance Cost?
- Your vehicle's value—higher-value cars cost more to insure because the maximum payout is higher, while older vehicles with values below $3,000 rarely justify the premium cost.
- Your deductible choice—selecting a $1,000 deductible instead of $500 can reduce your collision premium by 15% to 30%, but means you pay more out of pocket per claim.
- Your driving record—each at-fault accident typically increases collision premiums by 20% to 50% for three to five years, and accumulated points from moving violations add another 10% to 25% depending on severity.
- Your location—urban areas with higher collision frequency and repair costs see premiums 30% to 60% above rural rates, and states with no-fault laws often have elevated collision costs.
- Your claims history—filing multiple small collision claims can raise your rates more than one large claim, and some insurers surcharge collision coverage specifically after a pattern of at-fault incidents.
- Your credit-based insurance score—in states where it's permitted, drivers with lower scores pay 25% to 80% more for collision coverage even with identical driving records.
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